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Discuss for me the concept of moral hazard, particularly as it relates to the financial crisis of 2008. How was that an important component that

Discuss for me the concept of moral hazard, particularly as it relates to the financial crisis of 2008. How was that an important component that ultimately lead to the breakdown of financial markets? You may want to provide examples of the market participants at the time and how moral hazard impacted their decision making.

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